House Bill 26-006

This bill establishes the College Opportunity Grant Fund, a state-administered financial aid program designed to expand access to higher education for in-state students attending public colleges and universities. The bill creates a dedicated fund within the State Treasury to provide need-based grants that do not require repayment.

The program is intended to reduce financial barriers for residents pursuing postsecondary education while strengthening workforce development and long-term economic growth. Grants awarded under the program may be used for tuition, mandatory fees, required course materials, and other approved education-related expenses.

The Department of Higher Education is responsible for administering the program, determining eligibility, and establishing award amounts based on financial need and available funding. Priority is given to students from low- and moderate-income households. Grants may be renewed for multiple academic years if students maintain satisfactory academic progress.

The bill specifies that the College Opportunity Grant supplements existing federal, institutional, and state financial aid programs and does not replace other available assistance.